MLS# 7673038 – 118 Lakeview Circle, Waleska, GA 30183

Property Description

BREATHTAKING 5 BED/ 5 BATH MOUNTAIN RETREAT WITH MASSIVE RENTAL POTENTIAL! This luxurious 6,000+ square foot custom-built craftsman offers projected short-term rental revenue of $135,000 per year, making it an incredible investment opportunity in North Georgia or own your personal haven. Perfectly positioned to capture stunning lake and mountain views, this home combines comfort, accessibility, and timeless design. Inside, you’ll find an open concept floor plan complete with two large living rooms (each with its own stone gas-start fireplace), oversized dining room, and chef’s kitchen-complete with two sinks, an oversized island, high-end appliances, and views that stretch across the private backyard and treetops. Take the elevator (Yes– there’s even an elevator) upstairs to the primary suite, which delivers true luxury with a private balcony, fireplace, sitting room, and a spa-inspired bathroom featuring dual vanities, a massive jetted soaking tub, a large walk-in shower, and an expansive closet. The finished terrace level adds even more flexibility with a full kitchenette, built-in dehumidifier, full living room, and a private bedroom suite-ideal for multigenerational living, guests, or an income-producing Airbnb setup. Accessibility is effortless thanks to the custom elevator, providing comfort and convenience on every floor. Need even more reasons to fall in love? This house comes with the PERFECT lifestyle living. Nestled within the gated Lake Arrowhead community, you (or your short-term renters) will get to enjoy golf, boating, multiple pools, pickleball, tennis, hiking trails, a marina, dog park, community events, and more. WHAT ARE YOU WAITING FOR? Whether you’re seeking a full-time residence, multi-generational retreat, or high-performing short-term rental, this is exactly the home you’ve been searching for. Note that this home has been virtually staged/edited and that the square footage is an estimate based on public records and the original builder listing.

Property Details and Features

Property Access
Road Frontage Type: “Private Road”
Road Surface Type: “Asphalt”

Appliances & Equipment
Appliances: “Dishwasher”, “Double Oven”, “Electric Cooktop”, “Microwave”, “Other”
Other Equipment: “Dehumidifier”

Basement
Basement: “Daylight”, “Driveway Access”, “Finished”, “Finished Bath”, “Full”, “Walk-Out Access”

Bathrooms
5 full bathrooms
1 main level bathroom
1 main level bedroom
5 total bathrooms

Bedrooms
Bedrooms Total: 5
Features: “Oversized Master”, “Roommate Floor Plan”, “Sitting Room”

Building
Above Grade Finished Area: 4184
Architectural Style: “Craftsman”, “Traditional”
Below Grade Finished Area: 1168
Below Grade Unfinished Area: 757
Building Area Total: 6109
Common Walls: “No Common Walls”
Construction Materials: “Cement Siding”
Levels: “Three Or More”
Year Built: 2007

Community
Community Features: “Clubhouse”, “Dog Park”, “Gated”, “Golf”, “Lake”, “Park”, “Pickleball”, “Pool”, “Powered Boats Allowed”, “Restaurant”, “RV/Boat Storage”, “Tennis Court(s)”
Swim Tennis Fee: $0

Cooling
Cooling: “Ceiling Fan(s)”, “Central Air”

Dining Room
Features: “Seats 12+”, “Separate Dining Room”

Accessibility Features
Accessibility Features: “Accessible Elevator Installed”

Exterior Features
Exterior Features: “Balcony”, “Lighting”, “Private Yard”, “Rain Gutters”, “Other”
Patio And Porch Features: “Covered”, “Deck”, “Front Porch”, “Glass Enclosed”, “Rear Porch”, “Terrace”

Fence
Fencing: “Back Yard”, “Wood”

Fireplaces
Features: “Family Room”, “Gas Starter”, “Living Room”, “Masonry”, “Master Bedroom”, “Stone”
3 total fireplaces

Floors
Flooring: “Carpet”, “Hardwood”

Garage
3 garage spaces

Water Features
Water Body Name: Arrowhead
Waterfront Features: “None”
Waterfrontage Length: 0

Heating
Heating: “Central”, “Forced Air”, “Other”

Home Owner’s Association
Association Fee Frequency: Monthly
Association Fee: $218
Association Rent Restrictions
Property is part of association
Second Association Fee: $0

Interior Features
Features: “Crown Molding”, “Elevator”, “Entrance Foyer”, “High Ceilings 9 ft Main”, “High Ceilings 9 ft Upper”, “High Ceilings 10 ft Upper”, “Track Lighting”, “Tray Ceiling(s)”, “Walk-In Closet(s)”, “Other”

Kitchen
Room Kitchen Features: “Breakfast Bar”, “Cabinets Other”, “Eat-in Kitchen”, “Kitchen Island”, “Pantry”, “Second Kitchen”, “Stone Counters”, “View to Family Room”, “Wine Rack”

Laundry
Features: “Electric Dryer Hookup”, “Laundry Room”, “Main Level”, “Sink”

Listing
Current Price: $800,000
Days On Market: 4
Listing Contract Date: 2025-10-31
Mls Status: Active
On Market Date: 2025-10-31
Price: $800,000
Standard Status: Active

Location
City: Waleska
County Or Parish: Cherokee – GA
District: 22nd
State Or Province: GA
Subdivision Name: Lake Arrowhead

Lot
Acres: 0.2817
Dimensions: x
Features: “Back Yard”, “Front Yard”, “Landscaped”, “Sloped”, “Wooded”
Land Lot: 268

Primary Bathroom
Features: “Double Vanity”, “Separate Tub/Shower”, “Soaking Tub”

Miscellaneous
Horse Amenities: “None”

Energy Saving
Green Energy Efficient: “None”
Green Energy Generation: “None”

Parking
Parking Features: “Drive Under Main Level”, “Driveway”, “Garage”, “Garage Door Opener”, “Garage Faces Front”
Parking Total: 8

Pool
Features: “None”

Property
Dock: “Boat Launch”, “Shared”
Other Structures: “None”
Property Condition: “Resale”
Property Sub Type: Single Family Residence
View: “Lake”, “Mountain(s)”, “Water”

Roof
Roof: “Composition”, “Shingle”

Schools
Elementary School: R. M. Moore
High School: Cherokee
Middle Or Junior School: Teasley

Security Features
Security Features: “Carbon Monoxide Detector(s)”, “Smoke Detector(s)”

Sewer
Sewer: “Public Sewer”

Spa
Features: “None”

Taxes
Tax Annual Amount: $4,317
Tax Block: 12
Tax Lot: 26
Tax Parcel Letter: 022N16-00012-026-000-0000
Tax Year: 2024

Utilities
Electric: “220 Volts”
Utilities: “Electricity Available”, “Phone Available”, “Sewer Available”, “Underground Utilities”, “Water Available”
Water Source: “Private”

Windows
Features: “Insulated Windows”, “Wood Frames”